Hua Zai's ETH Market Outlook for May 4 Morning



Good morning, family ☀️ Ethereum's early morning rally is strongly linked with Bitcoin, maintaining a bullish three-day rally pattern, with the overall sideways upward trend unchanged.

Weekend trading was light with narrow fluctuations, the price stayed above the 2300 level, and both 4-hour and daily moving averages are steadily trending upward. The dips are just consolidations in the rally, with bulls gathering strength for a breakout.

On-chain funds continue to flow back, combined with Bitcoin's breakout driving Ethereum, leaving plenty of room for subsequent gains. Slight pullbacks are excellent opportunities for long positions, with no signs of trend reversal.

Trading suggestions:
Buy on dips between 2280-2300, gradually add long positions with confidence
Target:
2380-2420

Follow Bitcoin's rhythm closely, steadily capture the rally profits, and enjoy big gains during the holiday.
If short positions are trapped, seek Hua Zai for a solution.

#WCTC交易王PK #美国寻求战略比特币储备 #比特币ETF期权持仓限额增4倍 #DeFi4月安全事件损失超6亿美元 #Polymarket每日热点
ETH0.78%
BTC0.66%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin